Encana Co. (ECA) Declares Quarterly Dividend of $0.02
Encana Co. (TSE:ECA) (NYSE:ECA) announced a quarterly dividend on Tuesday, November 7th, Zacks reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.019 per share on Friday, December 29th. This represents a $0.08 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Thursday, December 14th. This is a positive change from Encana’s previous quarterly dividend of $0.02.
Encana (ECA) traded up C$0.15 on Friday, reaching C$15.17. 3,030,800 shares of the company’s stock traded hands, compared to its average volume of 4,443,605. Encana has a 12 month low of C$10.54 and a 12 month high of C$18.13.
Several research firms have weighed in on ECA. Scotiabank increased their target price on shares of Encana to C$16.25 and gave the stock a “sector perform” rating in a report on Friday, October 20th. Raymond James Financial increased their target price on shares of Encana to C$20.00 and gave the stock a “strong-buy” rating in a report on Friday, October 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Encana currently has an average rating of “Buy” and a consensus price target of C$16.20.
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Encana Company Profile
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company’s operations also include the marketing of natural gas, oil and NGLs. All of its reserves and production are located in North America.
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